The Trend is Gold's Friend Again

After being written off months ago, the precious metal is showing sustainable upward movement.

Last week, while investors were enjoying a nice stock-market rally, gold quietly broke out to the upside. After months of floundering, the yellow metal has now confirmed the resurgence of its long-term rising trend.

If there ever was an asset that embodied the spirit of Mark Twain's famous quote, "The reports of my death have been greatly exaggerated," it is gold. From calls of a burst bubble in September 2011 to an...